Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Measurements

Summary of the asset type, balance sheet classification, maturity, and fair value of marketable securities and investments

Assets	Balance Sheet Classification	Maturity	March 31, 2026		December 31, 2025
Commercial Paper	Marketable securities	Due in 1 year or less	$	56,848	$	62,166
Corporate Bonds	Marketable securities	Due in 1 year or less		126,690		122,941
Government Bonds	Marketable securities	Due in 1 year or less		29,405		39,053
U.S. Treasuries	Marketable securities	Due in 1 year or less		10,956		5,017
	Total Marketable securities		$	223,899	$	229,177
Corporate Bonds	Investments	Due in 1 year to 5 years	$	158,155	$	63,187
Government Bonds	Investments	Due in 1 year to 5 years		21,709		22,479
Equity Method Investment	Investments			1,136		1,331
	Total Investments		$	181,000	$	86,997

Schedule of financial assets and liabilities measured and recorded at fair value on a recurring basis

		March 31, 2026
		Level 1		Level 2		Level 3		Total
Assets	Balance Sheet Classification
Commercial Paper	Marketable securities	$	56,848	$	—	$	—	$	56,848
Corporate Bonds	Marketable securities	$	126,690	$	—	$	—	$	126,690
Government Bonds	Marketable securities	$	29,405	$	—	$	—	$	29,405
U.S. Treasuries	Marketable securities	$	10,956	$	—	$	—	$	10,956
Corporate Bonds	Investments	$	158,155	$	—	$	—	$	158,155
Government Bonds	Investments	$	21,709	$	—	$	—	$	21,709
Bifurcated embedded derivative	Loan receivable from equity method investee	$	—	$	—	$	584	$	584
Liabilities
Public Warrants	Warrant liabilities	$	3,745	$	—	$	—	$	3,745
Private Placement Warrants	Warrant liabilities	$	—	$	495	$	—	$	495

		December 31, 2025
		Level 1		Level 2		Level 3		Total
Assets	Balance Sheet Classification
Commercial Paper	Marketable securities	$	62,167	$	—	$	—	$	62,167
Corporate Bonds	Marketable securities	$	122,941	$	—	$	—	$	122,941
Government Bonds	Marketable securities	$	39,053	$	—	$	—	$	39,053
U.S. Treasuries	Marketable securities	$	5,017	$	—	$	—	$	5,017
Corporate Bonds	Investments	$	63,187	$	—	$	—	$	63,187
Government Bonds	Investments	$	22,479	$	—	$	—	$	22,479
Bifurcated embedded derivative	Loan receivable from equity method investee	$	—	$	—	$	584	$	584
Liabilities
Public Warrants	Warrant liabilities	$	9,911	$	—	$	—	$	9,911
Private Placement Warrants	Warrant liabilities	$	—	$	3,970	$	—	$	3,970

Schedule of Level 2 inputs used in the recurring valuation of the Private Placement Warrants

	March 31, 2026			December 31, 2025
Exercise price	$	11.50		$	11.50
Stock price	$	3.00		$	4.25
Volatility		119.0	%		114.5	%
Term (in years)		0.69			0.94
Risk-free rate		3.64	%		3.43	%

Schedule of reconciliation of warrants measured at fair value

	Public Warrants		Private Placement Warrants
	Level 1 Fair Value		Level 2 Fair Value
December 31, 2025	$	0.71	$	0.74
Change in fair value	$	(0.49)	$	(0.52)
March 31, 2026	$	0.22	$	0.22